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Search Results 0 to 49 of about 66 (some duplicates have been removed)
denies any personal involvement in this but we did see a quite a bad part of strategy until the other big company was brought in. >> yes. a p.r. crisis from the beginning for news international and news corp. matthew freud does deny any involvement in it, and i think he tries to keep away from it being married to rupert murdoch's daughter. there are big global p.r. networks. so they should have an effect. >> thank you for speaking with us on that. and naomi is with us. in the next hour or so. hour and a half, we are expecting to see the prime minister who still is facing quite a difficult political hurdle on this, because questions emerged further about his links with former news international employees. >> yes. this basically comes down to a question of judgment. that's why david david cameron is under more pressure than he's come under in the last year. the question of whether he did proper checks on the former editor of the "news of the world" before he decided to hire him, and more and more people have come to light over the past couple of weeks saying they warned david cameron of the
were picked up in a big fbi raid this week. the justice department says the woman is part of a collective that attacked several wreb sites. she's under a judge's orders not to use the internet except to talk to her lawyer. >>> the nikkei and hang seng closing up. kristie lu stout standing by. markets rallying on the heels of this debt bailout plan for greece. >> that's right. european leaders meeting in brussels have finally reached a deal to give greece a second bailout. that has been well received on the global stock markets, uk, french and german markets all on the rise. the nikkei in japan closed higher. the euro continued to rise further against the u.s. dollar. european policymakers believed this deal, which is worth almost a quarter of a trillion dollars will contain europe's debt crisis and give greece more breathing room. >> some say this rescue plan is not going to be enough to solve long-term problems in greece or the eurozone. >> that's right. the markets are rallying right now. there is fear among european leaders, fears that imposing losses on greece's lender
.m. this meeting last night came after word of a potential deal and a pretty big deal after word of a potential deal really stole the headlines yesterday afternoon and overnight. this would be, as i said, a pretty big deal. $3 trillion in deficit savings over ten years. and we only have a rough sketch of it. what is interesting, don, as you said, the white house is shooting this down. they say there is no deal. we heard jay carney shoot this down yesterday. the speaker's office is saying there is no deal but we have from congressional sources who are speaking on anonymity there is a framework. at 10:00 a.m. we will detail what the sources are telling us is in this potential agreement. >> only 10 1/2 days. thank you very much. we will be coming back to you throughout the day. >>> among an already crowded field of gop presidential candidates, a new cnn/orc poll suggests that texas governor rick perry may want to throw his hat into the ring too. mr. paul steinhauser joins us live from washington. >> rick perry is thinking about jumping into the white house and could do it. stay tuned on that. the
chat or call without leaving facebook. this is big for facebook. this is not so revolutionary for the users. >> are these the kind people that actually want to have video chat and video conferences? i thought that was more of a work scenario. >> with any audience, this kind of a video chat behavior is for the minority of your interactions because if you are in a certain place, once you introduce visual and audio cues, you have to have a controlled environment. i cannot have a video chat with you while i'm on the bus. this is by definition a rich interface for a minority of your communications. nonetheless, they spoke with like this to happen within facebook and not have you leave facebook and have you use your skype program. >> one thing that seems to be clear is that the business side, this comes in the same week that google has announced its social network is try to take on facebook as well. who was winning that battle? >> if you measure this on sheer numbers, no one touches facebook. during the announcement, they mentioned they have 750 million users. that is a big jump fro
. >> the proposal would have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but
points of a plan-- no details. but what we can probably gather from this plan-- it has big tax increases in it and all the spending cuts will happen in the out years. well, how many times do politicians think they can pull that one over on the american people? >> reporter: the split among republicans made it difficult for party leaders to determine just what might pass the house. whatever it turns out to be, it still must be acceptable to senate democrats and ultimately to the president. this morning, the senate's majority leader democrat harry reid challenged house speaker john boehner to take matters in hand. >> right now, i'm at a point where we need to hear from the house of representatives. we've planned to go forward over here, but until we hear from the house all our work is for naught. i await word from the speaker. >> reporter: in the meantime, there's general agreement that translating the complex gang of six plan into legislation and votes before august second, is likely unrealistic. that could put the short-term emphasis back on a senate backup plan to let the president raise
boehner is still considering and still probing with the white house the possibility of a big deal that would be nearly $4 trillion in deficit reduction and include $800 billion in added tax revenues over the next ten years. if he goes this route, i am told he will face a revolt from his republicans in the house, including his fellow leaders, eric cantor, kevin mccarthy. it's a very risky move for him but i'm told he's still considering it. >> treasury secretary tim geithner joins me now. he would have to manage the chaos if the united states defaults for the first time in history. secretary geithner, thank you for being here. well, you just heard what jonathan said about what's on the table. is it possible that there will be a framework deal in place by 4:00 p.m. this afternoon. >> i hope so. again, both leaders recognize they're running out of time. they need to get this process moving in the house by monday night to achieve that deadline. they need to have a framework that they know with complete confidence will pass both houses of congress and is acceptable to the president and
a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional day for them. as they were finishing up their job they had put together a series of cards with messages talking about their appreciation for the program, their patted rotism and frankly -- patriotism and their sadness, and the final word was god bless america, held by travis thompson himself. this is travis thompson's last day on the job, after 100 shuttle missions, getting the crews strapped in and ready to go to space, tomorrow he has no job. where he is going to go to work. as he said, my job is putting human beings in spacecraft to go to space. i don't see a lot of prospects for doing that somewhere else. so it is a poignant moment for him. >> so finally, miles, look back with us
's population will be sweltering in a dangerous heat wave today. hot air and high humidity will make big cities along the i-95 corridor feel like a sauna. the national weather service says the heat wave may have contributed to 22 deaths already. >>> and london police are expanding their investigation into the phone hacking scandal. an official says it now involves newspapers beyond rupert murdoch's media empire including "the daily mail" and "daily mirror." the police task force has added 15 investigators, bringing the total working on the hacking scandal to 60. >>> nfl owners are meeting in atlanta today to vote on a tentative labor deal with players. the reported ten-year deal, if finalized, would divvy up the league's $9 billion in annual revenue. players were supposed to vote yesterday but never did, suggesting there's still a few details to work out. nfl fans say, enough already. >> 10% unemployment in the country, right? us poor folks scrap and scraping to get by. come on. it's billionaires against millionaires, right? can you not meet in the middle somewhere? >>> here's your chance to ta
connell blamed the breakdown on the white h insistence on new tax revenue. >> to get a big package would require big tax increases in the middle of an economic situation that's extraordinarily difficult ment. shannon box it's a terrible idea. it's a job killer. >> reporter: democratic congressman hollen said republicans were at fault for refusing to budge on new revenue. >> at the end of the day, what we're seeing is that the priority of our republican colleagues is not to get a deficit reduction deal; it's to protect special interest tax breaks for big corporations. after a meeting the leaders left the white house without appearing before waiting reporters, sources tell cbs news they will meet again tomorrow with the president as time continues to run out. >> i do believe that -- this week and certainly by the end of next week we have to have agreement on the outlines of a package. it has to be clear that the leadership has found a way to solve this and they have a path to get votes for something. >> reporter: the president went into tonight's meeting ready to push for his grand bargain, the $4
earth there. and i'm a big space geek. i love that. we'll see you back here tomorrow. "in the arena" starts right now. >>> good evening and welcome. i'm tom foreman. tonight we are getting mixed signals about a possible back room deal on the debt ceiling just hours away from what president obama at least at one point called a deadline for a decision. "the new york times" says president obama and the republican speaker of the house john boehner are close to an agreement. roughly it would involve $3 trillion in cuts and an eventual overhaul of the entire tax system. here's the catch, though. other sources are shooting down the idea that this is even happening as fast and hard as they can. listen to boehner himself earlier today on rush limbaugh's radio show. >> rush, there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> no deal, no deal, no deal. now, here's the white house spokesman jay carney. >> there is no deal. we are not close to a deal. we are -- obviously, the president is in discussions with all the leaders of congress as well as other members
to do with what folks were just saying. you've got a big heart, and you share it with people, and nobody knows how to connect better than you do, and so we are just blessed and grateful to have you in our lives. >> thank you. thank you, mr. president. thank you, mrs. obama. >> thank you. oprah: thank you, everybody. see you tomorrow. that was great. thank you. [captioning made possible by king world] [captioning by the national captioning institute --www.ncicap.org--] too many nights alone at the spacebar. will l le ever find me? ♪ ♪ oh yes! ♪ what about love?! ♪ [ female announcer ] swiffer attracts dust. swiffer 360 dusters gets in hard to reach places. it picks up two times more dust thth a feather duster using thousands of fluffy fibers to lock dust away. you're just my type! [ laughs ] [ female announcer ] swiffer gives cleaning a whole new meaning. ♪ stars at night are big and bright ♪ ♪ deep ininhe heart of texas ♪ >> we heard that song on the way in. >> you've got cowboy boots on too, you can't see them, heels this big. >> trust us, that song actually
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. >> yesterday, after the damaging revelations and the withdrawal by one big company after another in advertising, executives at news international decided to close "news of the world." >> it has been a great investor and media in general. it's something we believe very strongly in. clearly, certain activities did not live up to the standards. that's a matter of great regret for me personally and for the company. >> allegations have called into question the ongoing takeover of firm.by rupert murdoch's >> the notion that today, next week, in september, this will be waived through by executives at news corp. does not meet the test of public consent. there's no doubt about that. >> the prime minister stop to his guns. he said the culture secretary has to follow legal guidelines. for the hundreds of staffers of "news of the world" -- the future is equally unclear. >> our political correspondent joins us from west mr. let's start with david cameron. this appeared to be as attempt to get out in front of this unfolding scandal, crisis. do you think he has succeeded? >> a very strong performance from dav
anger. several big companies have decided not to place advertisements in the paper. our business editor has studied the impact on rupert murdoch's business. >> news corp., for decades a towering elephant of the global media, created and led by rupert murdoch, is facing a grave threat. ford, but to be she, and other big companies with big brands have said they will not advertise in the news of the world this weekend because they do not want to be associated with the shocking revelations about how the newspaper obtained stories. the owner of the news of the world, news corp., had their share price fall 4%, a reputation of crisis that could become a financial problem. news corp. wants to buy the 61% of british sky broadcasting it does not already own, but my sources tell me they have taken the view that news corp. would have to pay 9.6 billion pounds for the british sky broadcasting shares. following this news today, the media regulator says it has a duty to be satisfied that the holder of the broadcasting license is fit and proper. there is a risk it could be brought or unscrambled. b sky
this if there is a framework. they are pushing for something big. trils of dollars in deficit savings the course of ten years. reminder of the moving parts that a deal like that would require the next several days major spending cuts, tax reform, entitlement reform and if democrats in the white house were to get their way, tax increases. you can see that is pretty much a heavy lift and so you still have a lot of people looking to a more modest deal that the top democrat and republican in the senate, harry reid and mitchell mcconnell are trying to work out which would be more spending cuts and perhaps more modest and perhaps giving the president the unenviable position to have to increase the debtcele himself with a minority support from congress. >> brianna keilar, thanks. >>> government is scrambling to pay its bills here is something americans don't want to hear. billions of dollars in your tax money is being wasted in afghanistan or worse. a new federal audit says that some of that cash may be funding, are you ready for this? the same insurgency that is killing americans. chris lawrence is at the pentagon
having that takeover. it would not have been legally binding, but a big slap in the face. before that debate in the building behind me was about to get under way, the news core itself announced that they were holding their hands up and saying, look, we're not going to go ahead with this. an amazing u-turn from murdoch in the face of unprecedented. they said it's a victory for people up and down the land. they are all relieved for the minute that they don't have to make that decision in government, because that was going to be a very awkward moment when they had to decide one way or the other whether that could be approved. that has been taken off the table. the story is not over, though. the police investigation continues. there may be more arrests and maybe more fallout and maybe more allegations, and it's a global story now. there's talk about, you know, looking at whether they hacked into victim's of 9/11 in the u.s., and threats from a u.s. senator, jay rockefeller as well, and there is not confined to the uk now. >> the whole reason this broke is because of the voice mail th
into phone hacks and bribes to the police. >>> some of the other big stories we're keeping an eye on. we are learning president obama plans to meet with house and senate democratic leadership this afternoon at the white house. 2:50 p.m., to be exact. this all because we're less than two weeks away from the federal government defaulting on its obligations, and congress has yet to work out a deal. president obama's debt-cutting plan can't pass the house and the plan from house republicans can't pass the senate. house speaker john boehner reiterated tuesday that default is not in the cards. and also on tuesday, the so-called gang of six unveiled their plans. it was called, quote, more plan to have a plan. republicans are united against any tax increases, and democrats are against inentitlement reform. >>> american airlines is replacing its fleet with hundreds of new planes from boeings and airbuses. the new aircraft order will replace the fleet with more fuel efficient planes. it calls for 460 planes. boeing says the new planes are 5% more fuel efficient than older generations that were bui
at the squabbling politicians letting the debt deadline take the economy to the brink. and one big message was delivered today. the markets, the dow dropped almost 100 points, as worried investors pulled out. they're watching that clock, you see, right there, ticking down to the august 2nd deadline for a debt deal. and in another scramble for safety, people are rushing to invest in gold. prices up as never seen before. here's abc's john berman. >> reporter: the partisanship, politicking and lack of progress in washington might already be taking a toll on your personal bank account and 40101 the stock drop today -- the first sign investors are saying, "we're mad as hell, and we're not going to take it anymore." >> the impatience and frustration is clearly getting there. >> reporter: wall street has a way of voicing its displeasure, and it's downright ugly. remember september 2008 when congress failed to pass a bank bailout? stocks cratered, nearly 780 points that day. >> 3.5 million -- >> reporter: we are not there yet, but there are other unnerving signs -- call it a canary in a goldmine.
but in the world of finance and business as well with his many, many endorsements. this was big, big news here today. china's stlal television has been broadcasting now for five hours live after this announcement that has really captured everyone's attention. yao ming, of course, went to the houston rockets in 2002 as a tall, gangly kid, has since emerged as one of the leading players in the nba, someone who has played for the nba all-star team, has also represented the chinese team at the olympics and world titles and so on. he was able to reflect today on that journey and took some time out for a special thanks to those people in the united states who helped him along the way. >> special thanks for my friends overseas, especially the fans in houston. i would like to thank you forgive me a great nine years during my nba career. nine years ago i come to houston as a young, tall, skinny player. an entire city and a team changed me to a grown man, not only a basketball player. >> he did that very comfortably in english as well, something he wasn't able to do when he first went to houston. it rea
with political philosophy in the house. as the debt line approaches and house republicans are going to have a big choice -- they picked this fight with the president for a reason, the debt limit is not going to be raised unless we do something on the deficit projections now and in to the future. but the problem with the house republicans is, they never answered affirmatively in a politically sa political politically saliable way what the a the answer should be. you have to have a plan that can pass both chambers and the president can sign. otherwise, you're talking past the other party. >> the question is, nicole, what is republican position right now? at the end of last week, we had republican leaders on in the house, guys i like very much personally. been a champion of paul ryan. back from the time i met him, in 1994. but we ask, what do you want? and their position was, it's not enough to close the tax loopholes. we've got to cut tax rates, income tax rates for individuals and corporations. that's not going to happen in 2011. they know it's not going to happen. i say, okay, let's say you got t
. this is big for facebook. i do not know it is revolutionary for the user. >> all the people using facebook -- i understand a lot of people are deciding they do not want to use facebook. do they want to have a chat and video conferences? i thought that was more of their work scenario. >> with this audience, with any audience, this kind of video chat behavior is for the minority of your interactions. if you are in a certain place, once you introduce visual and audio cues, you have to have a controlled environment. i cannot do a video chat with you while i am on the bus going to work. that is complicated. i can always do a text chat. this is a rich interface for a minority of your communications. but facebook once those to happen within facebook, and not have you leave to use your skype program. >> i think i understand the technical side of this. one thing that seems to be clear from the business side is it comes in the same week that google announced its social network. it is trying to take on facebook as well. who is winning that battle? >> it depends how you measure it. on sheer numbers, n
in chicago. 105 in kansas city. 108 in houston, texas. we have this big dome or big area of high pressure that's been sitting over the nation's mid-section in the east just baking. that's where you're seeing this heat building. this stretches miles into the atmosphere and that's why we call at it dome. it looks like those covers you put over your dinner plate. it looks like that. that cooler air finally drift southward. that's why we're seeing showers and thunderstorms along the cold front but make it feel better and boston and say new york city as we head into tomorrow. let's do show you a couple of those thunderstorms. here's our radar map to see where they have been blowing on through across the upper midwest, throughout the great lakes and cleveland just about to get hit there as well. a few of these thunderstorms can be severe, ton. mainly wind makers and maybe some hail. >> thank you, jacqui jeras. we have some developing news for you. working in washington where lawmakers and president obama are trying to reach a deal on raising the debt ceiling. there could possibly be some moveme
sniping on a mission that we joined. there is still a big problem with corruption. the question now, will the afghans be able to do the job the british soldiers have been doing as they start to leave? >> for more on these challenges and calls for an even quicker drawdown of u.s. troops, i spoke earlier with a former adviser to the u.s. military in afghanistan. so, seth, have david cameron asking the taliban to stop fighting, put down their weapons, join the political process. what do you think the chances are that might happen? >> there are elements of the taliban and other insurgent groups that are willing to talk about this option. they have been fighting for three decades in afghanistan. people are tired. i think right now what we're seeing is some elements willing, some elements unwilling. based on the fact that many of them believe they are winning right now, that the u.s. and other allies are leaving, i think it is unlikely that they will cut a deal now. not wait it out -- why not wait it out? >> to what extent is the taliban looking at things like this letter-signing, seeing
," and there's a big photograph of the hearing ipts. there's murdoch touching his son on the arm and wendy in the background looking contrite. the c.i.d.ny any morning her -- sydney morning's headline is "they were shocked, appalled and shamed that murdoch is denying blame." you have a photo of murdoch and his son looking grim and wendy sitting behind looking none to -- too happy. when you get into the coverage, the lead is the following sentence "rupert murdoch aaccused his commercial rivals in britain of whipping up a stir of the wrongdoing for their own commercial reasons. ." >> we're going to have to leave it there but thank you very much. it's very interesting to see how it's been -- being reported there. professor knight. we just want to show you some of the headlines that are coming up for us here. "murdoch's humble pie." that seems to be be -- the predominant headline on most of the u.k.'s papers. reference to him stating it was the most humbling day of his life. and a photograph of the protestor with the plate of foam and much being said about his wife who defended him by slapping
anger. now, several big companies including the halifax virgin holidays and -- have decided not to place advertisements in the news of the world this weekend. >> news corporation nor decades, a towering edifice of the global media, created and led by runnest murdoch, confronts a -- by rupert murdoch, confronts a grave threat. ford, mitsubishi, other big companies with big brands say they don't want to advertise in the news of the world this weekend because they don't want to be associated with the shocking revelations about how the newspaper obtained stories. for news corporation, owner of skr news of the world" whose share price fell almost 4% today a reputational crisis looks like it could become a financial problem. rupert murdoch's news corporation wants to buy the 61% of british sky broadcasting it doesn't already own. now, my sources tell me that bieb's scored had taken the view that news corporation would have to pay around 9.6 billion pounds for the b sky b shares. the media regulator, it has a duty to be satisfied that the holder of a broadcasting license is fit and proper, ther
Search Results 0 to 49 of about 66 (some duplicates have been removed)